H&M

Coverage Scope
Our Hull & Machinery (H&M) insurance services cover, but are not limited to, standard hull insurance, additional value insurance, war risk insurance, and strike insurance. The Association has formulated hull insurance clauses, the main contents of which are consistent with the PICC 1986 clauses. Furthermore, the Association can negotiate and accommodate members’ special requirements by incorporating other commonly used hull insurance clauses, such as those from PICC or ITC, through annexation or adaptation.

Our Services
Our global network of legal and commercial correspondents provides members with 24/7 real-time response and support.

Membership Fee Principle
Membership fees are strictly implemented in accordance with the charging system approved by the Members’ Assembly. The fee is calculated as: Membership Fee = Insured Value × Risk Rate.